TOKYO -- Japan's top life insurance companies plan to reduce their holdings of Japanese government bonds by 1.3 trillion yen ($9.1 billion) overall in fiscal 2025, in a shift from their response to new capital rules.
Bonds
Japan life insurers set to cut JGB holdings by $9bn
Rising interest rates mark turning point in yearslong trend of boosting holdings
Moves by insurers to draw down JGB holdings follow similar efforts by the Bank of Japan that began last year. © Reuters
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